GAN mulls sale of company after 2018 losses

GAN announced that it is starting a review of “various strategic alternatives,” which include a potential sale, following the release of its 2018 numbers. The UK-listed online gambling technology provider announced that its so-called ‘clean’ earnings swung to a £1.5m loss from a modest £454k profit in 2017 and the company’s pre-tax losses grew by £2.5m to £6.7m. Aside from offering itself to the highest bidder, GAN is also exploring the possibility of a U.S. stock market listing and seeking a strategic investor to take a non-controlling stake in the company.
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GAN’s 2018 losses lead to talk of selling the company
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The Story

GAN announced that it is starting a review of “various strategic alternatives,” which include a potential sale, following the release of its 2018 numbers. The UK-listed online gambling technology provider announced that its so-called ‘clean’ earnings swung to a £1.5m loss from a modest £454k profit in 2017 and the company’s pre-tax losses grew by £2.5m to £6.7m. Aside from offering itself to the highest bidder, GAN is also exploring the possibility of a U.S. stock market listing and seeking a strategic investor to take a non-controlling stake in the company.

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